Explain why opportunity costs are not included in the accounting records.

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Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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Question Posted: Dec 28, 2011 04:43 AM

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Explain why opportunity costs are not included in the accounting records.

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An opportunity cost is not created by a transaction It is an estimate o...View the full answer

Accounting concepts and applications

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